RBA minutes signalled the first rate rise in 12 years was imminent as inflation exceeded its target. The UDIA urged restoring immigration and a new population and settlement policy; national president Maxwell Shifman said migration historically drives about 60 per cent of Australia’s population growth.
As I told Australian Property Journal: “Australia has temporarily lost the powerful and critical economic boost that immigration brings to the economy,”
I also said: “This massive economic hit is only now becoming apparent and needs to be caught up as quickly as possible to minimise the long-term impacts.”
Australian Property Journal, 19 April 2022 — Read the full article